06:01 AM EST, 11/25/2024 (MT Newswires) -- Chesapeake Utilities ( CPK ) said Friday it has established an at-the-market offering program for the sale of up to $100 million of its common shares from time to time.

The company said it signed equity distribution agreements with a group of sales agents, including RBC Capital Markets, Barclays Capital and Guggenheim Securities, for the at-the-market offering.

Proceeds will be used for general working capital, Chesapeake Utilities ( CPK ) added.